Lorain Commercial Property

Property Photo 3 photos
3 photos

3861 W Erie Avenue

3861 W Erie Avenue, Lorain, OH 44053

7,072 SF$425,000

Multi-Family

This is a 6 unit apartment building.This sale includes the 6 unit apartment building, a 4 unit apartment house, a single family home, and a commercial building. 3 acres! 4 buildings! 6 unit apartment house, 4 unit apartment building, 1 single family home, and 1 900+ sqft commercial building. 6 unit has 5 units at $500 per mo. and 1 unit at $475. 4 unit has largest unit occupied by manager and 3 other units4500,$480, and $475. Single family home rents for $800 monthly and is currently being renovated. Commercial building rents for $500. All this on 3 acres with room to build additional units. Zoning allows apartments 4-19 units. Currently 1 unit in the 6 unit building is not rented.but should have a tenant soon. There is a 5.75 % assumable mortgage on the property. Call listing agent for amount of mortgage.Location is on W Erie Avenue, a main east/west street through the city of Lorain. It is located across the street from Lake Erie. It is 3 acres with room to build additional units. Zoning allows max of 19 rental units.

Property Photo 19 photos
19 photos

3841 3861 W Erie Ave02 02 020 102 006

3841 3861 W Erie Ave02 02 020 102 006, Lorain, OH 44052

11,634 SF$425,000

Multi-Family

3 acres! 4 buildings! 6 unit apartment house, 4 unit apartment building, 1 single family home, and 1 900+ sqft commercial building. 6 unit has 5 units at $500 per mo. and 1 unit at $475. 4 unit has largest unit occupied by manager and 3 other units4500,$480, and $475. Single family home rents for $800 monthly and is currently being renovated. Commercial building rents for $500. All this on 3 acres with room to build additional units. Zoning allows apartments 4-19 units. Currently 1 unit in the 6 unit building is not rented.but should have a tenant soon. There is a 5.75 % assumable mortgage on the property. Call listing agent for amount of mortgage.

Property Photo 3 photos
3 photos

2001 Henderson Drive

2001 Henderson Drive, Lorain, OH 44052

32 acres$1,750,000

Vacant Land

32.33 acres for sale along Henderson Drive (Route 611) and the Black River. 1,236.48 feet frontage along the Black River with easy access to Lake Erie. Zoned I-2 for heavy industrial.

Property Photo 8 photos
8 photos

6145 Park Square Drive

6145 Park Square Drive, Lorain, OH 44053

32,000 SF$175,000

Office

Unit 4 of the Summit II Condominium project in the Oak Point Professional Park. Located at the Oak Point Road exit off Route 2. Across the Street from the Deerfield Shopping Center anchored by Target, Lowe's, Verizon, Great Clips and Panera. Zoned B-1A. Permitted Uses: Business, charitable, financial, professional and consulting offices, exclusive of retail or wholesale activities conducted on the premises. Medical and dental clinics and offices. Private child care center, private business, technical or trade school, public and private schools. (Ord. 94-06. Passed 6-5-06)

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112 E 19th Street

112 E 19th Street, Lorain, OH 44052

5,000 SF$50,000

Office

5,000 SF office/industrial Bldg. on approximately .12 acres; Ample parking adjacent to bldg.; (1) 14' drive-in door; Built in 1927 PRICE REDUCED: was: $80,000 now: $50,000

Property Photo 6 photos
6 photos

405 4th Street

405 4th Street, Lorain, OH 44052

32,792 SF$1,650,000

Retail

This is a one-of-a-kind retail strip in a downtown setting featuring a value-oriented grocery, Dollar General and the U. S. Postal Service Downtown branch. Also has a restaurant and mobile phone store. Within walking distance of much of downtown and nearby residential

Property Photo 1 photo

1965 N Ridge Road E

1965 N Ridge Road E, Lorain, OH 44035

1,280 SF$100,000

Income / Business

Progressive Reserve Auction(not a live auction). Auction date is deadline for bids which are reviewed daily. An offer may be accepted at anytime. List price is suggested starting bid. 2% buyers premium on first $100K, the 1% on balance. This commercial zoned property has a home on it. There is also a banquet hall and strip building available. Will sell all or each separately. See other listings.

Property Photo 2 photos
2 photos

1965 N Ridge Road E

1965 N Ridge Road E, Lorain, OH 44035

6,000 SF$100,000

Income / Business

Progressive Reserve Auction(not a live auction). Auction date is deadline for bids which are reviewed daily. An offer may be accepted at anytime. List price is suggested starting bid. 2% buyers premium on first $100K, the 1% on balance. This commercial zoned property has a strip building on it. There is also a banquet hall and home available. Will sell all or each separately. See other listings.

Property Photo 3 photos
3 photos

1965 N Ridge Road E

1965 N Ridge Road E, Lorain, OH 44035

8,540 SF$375,000

Income / Business

Progressive Reserve Auction(not a live auction). Auction date is deadline for bids which are reviewed daily. An offer may be accepted at anytime. List price is suggested starting bid. 2% buyers premium on first $100K, the 1% on balance. This commercial zoned property has a banquet hall on it. There is also a strip building and home available. Will sell all or each separately. See other listings.

Property Photo 1 photo

1833 1845 East 31st Street

1833 1845 East 31st Street, Lorain, OH 44053

26,847 SF$1,170,000

Multi-Family

Green Bridge Real Estate is pleased to present The HAP Contracted 36 Unit Apartments located at 1833-1845 East 31st Street. in Lorain, Ohio. The approx. 26,847 Sq.Ft. All-Brick, 3-Story Building on 1.09 acres, consisting of 36 units: 24 one bedroom, one bath units of approx.. 700 Sq.Ft. and 12 two bedroom, one bath units of approx. 900 Sq.Ft. Retiring Ownership Directs Immediate Sale of Portfolio. The Lowell Apartments are included in a 60 Unit Total Unit Portfolio Sale offered at $1,890,000. Must be purchased in a 2 building bulk sale. The Lowell Apartments are currently 91% Occupied. Landlord pays Utilities, Trash, Water & Sewer. Leased Laundry Units provide additional income. The Projected Net Annual Operating Income for 2013 is $144,484 or an 12.35% Capitalization rate at the asking price of $1,170,000 ($32,500 per unit). Opportunity to significantly increase income by increasing current Rents to Market Rates and passing thru Individually Sub-metered Electric to Tenants. Pro-Forma Net Annual Income @ 100% Occupancy is $173,182 or a 14.80% Capitalization rate. Some recent Capital Improvements include a New Roof in 2007.

Lorain Commercial Property

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